What is her minimum required repayment for next year


Problem

Ellie withdrew $10,000 from her RRSP under the Home Buyers' Plan. Her first scheduled repayment year is due next year. If Ellie makes an RRSP contribution of $500 this year and designates this amount as an HBP repayment, what is her minimum required repayment for next year?

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Financial Accounting: What is her minimum required repayment for next year
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